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Warren Buffett, known as the “Oracle of Omaha,” made his largest annual donation to date by giving $5.3 billion worth of Berkshire Hathaway shares to five charities. This included the Bill & Melinda Gates Foundation, the Susan Thompson Buffett Foundation, and three charities led by his children. Buffett has been making annual donations since 2006 and has pledged to give away his fortune to help those less fortunate.
After his death, his wealth will be directed to a new charitable trust overseen by his three children, who are also the executors of his will. Buffett clarified that the Bill & Melinda Gates Foundation will no longer receive donations after his death, following his resignation as a trustee in 2021 during the Gates’ divorce. At the Berkshire annual meeting in May, Buffett discussed his succession plan, with Greg Abel named as his successor. Buffett has stated that his will, which will be publicly available, does not include any complex trusts or foreign entities to avoid public scrutiny.
Buffett emphasized the importance of using his wealth to help others, as he and his family have been among the luckiest in the world. He highlighted the need to support those less fortunate and discussed the legacy he hopes to leave behind. Buffett’s generous donations reflect his commitment to philanthropy and helping those in need.
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